Falling gold prices forcing companies to recalculate reserves.

Reportedly using a US$1,100/oz gold price to alculate year-end 2013 reserves. SNL Metals & Mining expects most of the other gold producers to follow suit when they begin releasing their year-end 2013 reserves statements in February.

To examine the relationship between changing gold prices and how companies value their gold reserves, SNL looked at five of 2012's top gold producers — Barrick Gold, Newmont Mining Corp., Goldcorp Inc., AngloGold Ashanti Ltd.and Kinross Gold Corp. 

For the end of each year between 2005 and 2012, SNL took simple averages of the five companies' reserves calculation prices, their cash operating costs and their gold reserves grades, and compared them with the annual average gold price for each.

Read More: www.mining.com/web/snl-metals-mining-falling-gold-prices-forcing-companies-to-recalculate-resereves/